This past week a bill was introduced by Minnesota Legislators which will require debt buyers in the state to follow strict, new guidelines on the collection activity associated with purchased debt, along with the verification process utilized by the associated accounts receivable management firms.
House bill HF 2996 and Senate bill SF2689 are being championed by Minnesota State Representative [...]
Entries Tagged as 'JDBs'
Minnesota Lawmakers Propose Bill to Help Protect Consumers From Debt Buyers
February 24th, 2010 · No Comments · Consumer Debt, Debt Collection
Tags: debt buyers·JDBs·Minnesota bill HF2996·proposed debt buyer legislation·re-aging debt·Statute of limitations
Collection agencies “subbing” out phone calls to India
April 28th, 2008 · 5 Comments · Consumer Debt, Debt Collection
You knew it had to happen – Collection Agencies are subbing out to India. So now it’s a call from India you are going to get when a collection agency or JDB is going to call you. So if they are violating the FDCPA – who are you going to sue? You [...]
Tags: collection agencies·Indian Companies·JDBs·violations of FDCPA
